Unprecedented response to AICTPL s maiden bond issuance bangladeshsun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangladeshsun.com Daily Mail and Mail on Sunday newspapers.
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The issue is also the lowest coupon achieved by any corporate Indian issuer in the last five years.
Unprecedented response to AICTPL s dollar maiden bond issuance ANI | Updated: Dec 28, 2020 10:53 IST
The issue witnessed large participation from marquee real money investors with interests coming from around 220 accounts leading to 10 times over-subscription. The issue of 10 years was priced at par to yield 3 per cent which is also the lowest coupon achieved by any corporate Indian issuer in the last five years.
The investors were attracted by its strong shareholders Adani Ports and Special Economic Zone (APSEZ) and Terminal Investment Ltd (TiL) and their combined business strengths embedded in the company backed by the credit quality of the issuance supported by investment grade rating affirmation by all three international rating agencies.